Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by Capital Investment Advisors LLC

Capital Investment Advisors LLC lowered its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 4.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,899 shares of the information technology services provider’s stock after selling 132 shares during the quarter. Capital Investment Advisors LLC’s holdings in Fidelity National Information Services were worth $243,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Fidelity National Information Services in the second quarter worth about $30,000. EdgeRock Capital LLC acquired a new position in shares of Fidelity National Information Services in the 2nd quarter valued at approximately $35,000. Family Firm Inc. purchased a new position in shares of Fidelity National Information Services during the 2nd quarter valued at approximately $35,000. Palisade Asset Management LLC acquired a new stake in shares of Fidelity National Information Services during the first quarter worth approximately $37,000. Finally, Rothschild Investment LLC acquired a new stake in shares of Fidelity National Information Services during the second quarter worth approximately $45,000. 96.23% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Information Services Stock Down 0.3 %

Shares of Fidelity National Information Services stock opened at $90.66 on Tuesday. Fidelity National Information Services, Inc. has a 1-year low of $46.91 and a 1-year high of $91.14. The company has a market capitalization of $50.43 billion, a P/E ratio of -8.86, a PEG ratio of 0.77 and a beta of 1.08. The business’s fifty day moving average price is $83.43 and its two-hundred day moving average price is $77.77. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.35 and a quick ratio of 1.35.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.13. The business had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.49 billion. Fidelity National Information Services had a net margin of 7.72% and a return on equity of 13.63%. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.55 earnings per share. As a group, research analysts forecast that Fidelity National Information Services, Inc. will post 5.08 EPS for the current year.

Fidelity National Information Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Tuesday, September 10th were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend was Tuesday, September 10th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently -14.08%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on FIS shares. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Fidelity National Information Services from $70.00 to $73.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Royal Bank of Canada lifted their price target on Fidelity National Information Services from $93.00 to $95.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Bank of America upped their price objective on Fidelity National Information Services from $90.00 to $96.00 and gave the company a “buy” rating in a research note on Tuesday, September 17th. Morgan Stanley lowered Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and set a $79.00 target price for the company. in a research report on Monday, July 22nd. Finally, Jefferies Financial Group upped their price target on Fidelity National Information Services from $80.00 to $90.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. Ten investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $83.30.

Insider Activity at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein purchased 626 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was purchased at an average cost of $88.25 per share, with a total value of $55,244.50. Following the purchase, the director now owns 10,397 shares in the company, valued at $917,535.25. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.20% of the company’s stock.

Fidelity National Information Services Company Profile

Fidelity National Information Services, Inc engages in the provision of financial services technology solutions for financial institutions, businesses, and developers worldwide. It operates through Banking Solutions, Capital Market Solutions, and Corporate and Other segments. The company provides core processing and ancillary applications; mobile and online banking; fraud, risk management, and compliance; card and retail payment; electronic funds transfer and network; wealth and retirement; and item processing and output solutions.